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Home2018October

Month: October 2018

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Business News

Selloff sucks Europe back under after Asia sinks to 17-month low

October 9, 2018 admin Comments Off on Selloff sucks Europe back under after Asia sinks to 17-month low

European stocks were sucked back into the red on Tuesday, as a four-day global selloff took Asia to a 17-month low and left Wall Street on course to equal its longest losing streak of the year.

…read more […]

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Business News

EU nations spar over cars emissions, climate goals

October 9, 2018 admin Comments Off on EU nations spar over cars emissions, climate goals

European Union nations will seek a compromise on Tuesday over how ambitious to be on cutting vehicle emissions and climate goals for U.N. talks, with Germany warning that targets that are too tough risk harming industry and costing jobs.

…read more […]

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Business News

Natural gas here to stay beyond energy transition, Big Oil says

October 9, 2018 admin Comments Off on Natural gas here to stay beyond energy transition, Big Oil says

Energy companies are betting demand for natural gas will rise at break-neck pace for decades, undermining warnings that tackling climate change would require a rapid switch to renewable energy.

…read more […]

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Business News

Unions accuse Chevron of ‘massive’ tax avoidance via the Netherlands

October 9, 2018 admin Comments Off on Unions accuse Chevron of ‘massive’ tax avoidance via the Netherlands

International and Dutch unions filed a complaint with a global trade body on Tuesday accusing Chevron Corp. of funneling billions of euros through letter box companies in the Netherlands to avoid taxation.

…read more […]

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Business News

Exclusive: EU set to clear start of talks to boost U.S. beef imports

October 9, 2018 admin Comments Off on Exclusive: EU set to clear start of talks to boost U.S. beef imports

European Union countries are on the verge of agreeing to start negotiations with the United States to allow more U.S. beef into Europe, in what could be a major move to defuse transatlantic trade tensions.

…read more […]

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Business News

Britain’s Aviva splits with CEO Wilson over share price lag

October 9, 2018 admin Comments Off on Britain’s Aviva splits with CEO Wilson over share price lag

Aviva is replacing its chief executive Mark Wilson after his sweeping transformation of the British insurer did not deliver the returns shareholders were looking for.

…read more […]

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Business News

Perrigo replaces CEO Roehrhoff with consumer goods veteran

October 9, 2018 admin Comments Off on Perrigo replaces CEO Roehrhoff with consumer goods veteran

(This version of the October 8 story corrects CEO’s name to Roehrhoff from Rohrhoff in headline and text)

…read more […]

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EU’s Vestager wants to hear critics of Siemens, Alstom deal

October 9, 2018 admin Comments Off on EU’s Vestager wants to hear critics of Siemens, Alstom deal

Europe’s antitrust chief Margrethe Vestager on Tuesday said she wants to hear critics of Siemens and Alstom’s plan to create a Franco-German rail champion which is being investigated by the European Commission.

…read more […]

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Daimler eyes joint venture with China’s Geely: Bloomberg

October 9, 2018 admin Comments Off on Daimler eyes joint venture with China’s Geely: Bloomberg

German vehicle manufacturer Daimler AG is in talks with China’s Geely Holding Group Co to set up a joint venture to offer ride-hailing and car-sharing services in China, Bloomberg reported, citing sources.

…read more […]

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Nigeria’s central bank head to meet MTN and banks over $8.1 billion repatriation row: sources

October 9, 2018 admin Comments Off on Nigeria’s central bank head to meet MTN and banks over $8.1 billion repatriation row: sources

Nigeria’s central bank governor is to meet representatives of telecommunications company MTN and banks on Tuesday to discuss a dispute over the repatriation of $8.1 billion, two sources with direct knowledge of the matter said.

…read more […]

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EU nations lock horns over 2030 CO2 curbs for cars, vans

October 9, 2018 admin Comments Off on EU nations lock horns over 2030 CO2 curbs for cars, vans

European Union environment ministers will seek a compromise on Tuesday over how tough to be on curbing carbon dioxide emissions from cars and vans, with Germany warning too tough targets could harm industry and cost jobs.

…read more […]

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Business News

U.S. grants most of Voestalpine’s requests for exemptions to steel tariffs

October 9, 2018 admin Comments Off on U.S. grants most of Voestalpine’s requests for exemptions to steel tariffs

The United States has granted more than half of the exemptions to its steel import tariffs that Austrian steelmaker Voestalpine and its customers applied for, the company said on Tuesday.

…read more […]

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Business News

European stocks find footing after Asia drops to 17-month low

October 9, 2018 admin Comments Off on European stocks find footing after Asia drops to 17-month low

Europe battled to fend off a four-day losing streak for world stocks on Tuesday, after weary investors had seen Asia stumble to a 17-month low and bond markets hit by a fresh bout of selling.

…read more […]

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Business News

Glastonbury 2019 proves to be a hit for Vivendi’s See Tickets business

October 9, 2018 admin Comments Off on Glastonbury 2019 proves to be a hit for Vivendi’s See Tickets business

See Tickets, the ticket sales business of French media conglomerate Vivendi, notched up record sales for next year’s Glastonbury music festival, Vivendi said on Tuesday.

…read more […]

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China’s HNA lists property assets worth $11 billion for sale: documents

October 9, 2018 admin Comments Off on China’s HNA lists property assets worth $11 billion for sale: documents

Chinese conglomerate HNA Group [HNAIRC.UL] has put up for sale property assets worth at least $11 billion, according to documents seen by Reuters, accelerating a push to cut its large debt and restructure.

…read more […]

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